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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 27 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Advisory (Plan) | $32,934 |
PAYCHEX, INC.3 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $25,627 |
Service code 13 · EIN 47-1637791 1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788 | Contract Administrator | $7,105 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,923 | $79,184-10.4% | $102,438-30.8% | $74,546-4.9% |
| Participation rate | 98.6% | 74.8%+23.8pp | 76.5%+22.1pp | 67.2%+31.4pp |
| Annual return | 11.34% | 54.95%-43.6pp | 29.37%-18.0pp | 1366.03%-1354.7pp |
| Employer contribution / active EE | $5,240 | $2,362+121.9% | $3,024+73.3% | $2,624+99.7% |
| Participant deferral / active EE | $10,976 | $4,414+148.6% | $5,054+117.2% | $4,347+152.5% |
| Admin fee / account holder | $404 | $2,001-79.8% | $9,448-95.7% | $1,944-79.2% |